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Rescue hopes for 46-year-old firm founder in last few days
Midas chairman Steve Hindley has blamed the impact of the pandemic after the 46-year-old firm collapsed into administration yesterday with the loss of more than 300 jobs.
The Exeter-based contractor is the biggest name to fold since listed civils and building firm NMCN went under last autumn.
Administrators from Teneo Financial Advisory were formally appointed yesterday, announcing that all jobs have stopped and 303 people made redundant.
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